Re: Flat fee MLS listing services? - Posted by Jim FL
Posted by Jim FL on December 14, 2006 at 17:18:24:
I use a flat fee service now and again.
It’s provided by a broker who also invests.
In fact, he posts here, but without his permission to mention him by name, I won’t
I agree with the others, some flat fee listing services might not be good, especially if you are not prepared to market and close the house yourself.
The one I use, we simply pay a fee, at close, to get the house listed on the mls service.
I do showings, as the mls lists my number for contact info, and the signs, lock box etc, are provided by me.
In fact, I’m closing on one tommorrow that we flat fee listed.
I had it FSBO for 45 days, and got nothing.
Listed it flat fee, dropped the price a little, and got a few offers within 10 days…eventually getting back to my original price.
Buyers agents brought me the offers, and will get 3% when it closes.
Same as they would from any other mls listed property, that was not their listing.
The reason my house sold fast, it was priced right, and had exposure on several fronts, with the mls being merely one…with the largest reach apprently.
Our buyers found it thru realtor.com and called a local agent to set up a showing.
I highly suggest using flat fee listings, but, only from a good broker with a decent reputation.
I even have a friend who is an agent, and he knows I list flat fee instead of with him for full commission.
Doesn’t bother him, because if he has buyers for any of my houses, he gets 3% from the sale.
I usually fax him my listings as soon as they are in the mls computer.
I will admit though, for upper end homes, I’ve not had luck with flat fee. They seem to require a little more special attention that only full service listings provide.
My two cents, keep the change,